Trader, analyst and instructor with a 6-year experience

JPMorgan: buy USD/JPY from 102.50

Strategists at JP Morgan recommend buying USD/JPY at 102.50 with a stop at 100.55 and with no preset target.

In their view, USD/JPY remains undervalued according to the fair value model and has relatively clean speculative positions. 

Chart. Daily USD/JPY

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